Donald trump tax cuts

It cuts individual income tax rates, doubles the standard deduction, . What did the tax cuts and Jobs Act do? Who benefited from tax cut? How do tax cuts help the economy?

Monday is the first Tax Day under the new rules of the Tax Cuts and Jobs. President Trump signed the Tax Cuts and Jobs Act into law on Dec. Trump economic advisor Gary Cohn stated that The wealthy are not getting a tax cut under our plan and that the plan would cut taxes for low- and middle-income households.

President Donald Trump shows off the tax bill after signing it in the Oval Office of the White House, Friday, . And at the heart of our plan is tremendous relief for working families and for small . Everybody is getting a tax cut , especially the middle class, Trump said in an interview during . It sharply lowered the corporate tax . And since the tax cuts were funded by deficit spending, getting rid of them would leave a large pot of money that a future Democratic president. While the tax cuts have goosed the economy in the short term, officials now . The Trump tax cuts are fully paid for by: . Mnuchin promised that the tax cuts would pay for themselves but the latest data suggests they were wrong. It should be easy to cut taxes with a Republican House, a Republican Senate and Donald Trump elected both as a Republican and as the candidate of . They also said they are done with the rigged system . Americans approve of Trump tax cuts , disapprove. Donald Trump rode the “ white working-class” euphemism to the White House, but—almost .